Cboe Global Markets (BATS:CBOE) Reaches New 1-Year High – Should You Buy?

Cboe Global Markets, Inc. (BATS:CBOE)’s stock price reached a new 52-week high on Monday . The stock traded as high as $194.36 and last traded at $216.39, with a volume of 1780143 shares changing hands. The stock had previously closed at $193.37.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft raised Cboe Global Markets from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $212.00 to $222.00 in a report on Monday, November 11th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $211.36.

Cboe Global Markets Stock Performance

The stock has a market cap of $23.04 billion, a PE ratio of 110.31 and a beta of 0.61. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60. The company has a fifty day moving average price of $203.25 and a 200 day moving average price of $205.78.

Cboe Global Markets (BATS:CBOE) last announced its quarterly earnings results on Friday, February 7th. The company reported $2.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.13 by ($0.03). Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. Analysts expect that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Brooklyn Investment Group bought a new stake in shares of Cboe Global Markets in the third quarter worth $66,000. Washington Trust Advisors Inc. purchased a new position in shares of Cboe Global Markets during the 3rd quarter worth $144,000. Farther Finance Advisors LLC raised its holdings in Cboe Global Markets by 11.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 777 shares of the company’s stock worth $159,000 after purchasing an additional 81 shares during the period. Ashton Thomas Securities LLC purchased a new position in Cboe Global Markets during the third quarter valued at $221,000. Finally, Aljian Capital Management LLC bought a new stake in Cboe Global Markets during the third quarter valued at about $222,000. Hedge funds and other institutional investors own 81.73% of the company’s stock.

About Cboe Global Markets

Cboe Global Markets, Inc, through its subsidiaries, operates as an options exchange worldwide. It operates through six segments: Options, North American Equities, Europe and Asia Pacific, Futures, Global FX, and Digital. The Options segment trades in listed market indices. The North American Equities segment trades in listed U.S.